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EUR/JPY 115.068 21:00 28.10
AUD/USD 0.75983 21:00 28.10
EUR/USD 1.09868 21:00 28.10
USD/JPY 104.714 21:00 28.10
EUR/JPY 115.047 20:30 28.10
AUD/USD 0.75965 20:30 28.10
EUR/USD 1.09845 20:30 28.10
USD/JPY 104.736 20:30 28.10
DOLLAR INDEX-SEP16 98.315 20:30 28.10
EUR/JPY 115.070 20:15 28.10
WELLS FARGO 46.225 20:00 28.10
USD/CHF 0.98763 20:00 28.10
TOYOTA (US) 114.760 20:00 28.10
SONY 31.475 20:00 28.10
OIL-DEC16 (WTI CRUDE) 48.745 20:00 28.10
SILVER 17.770 20:00 28.10
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By: Adam Stone
May 9th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Friday saw the Dollar lower against the Yen , with USD/JPY at 107.11. The dollar had risen against the Japanese currency in the previous three sessions, recovering from an 18 month low of 105.54 set on Tuesday. The Euro changed little against the Dollar, with EUR/USD at 1.1404, well short of the heights of 1.1616 reached on Tuesday May 3rd 2016.

Sterling dropped to two week lows caused in part by ongoing uncertainty over the June 23 referendum regarding the UK’s EU membership, GBP/USD was down .039 percent to 1.4430.

The Canadian dollar dropped to the lowest point of the month, a massive wildfire in Alberta and data showing the economy unexpectedly shed over 2000 jobs last month clouded the outlook for the economy. USD/CAD reached highs of 1.2952 before alighting at 1.2908.

This coming Friday ,investors will be watching for the release of US data on retail sales, producer prices and consumer sentiment for fresh indications on the health of the worlds largest economy.

Market watchers will keenly await Mondays minutes from the Bank of Japan April meeting after policy makers surprised markets by holding back on implementing fresh stimulus measures.

Gold prices rallied almost 2 percent on Friday, following data showing the US economy added the least number of jobs in seven months this April, raising doubts over whether the Federal Reserve will raise interest rates before the end of the year. For the week gold prices rose 0.29 percent or $3.50 for the second straight weekly gain amid indications the Fed will take a cautious approach to raising interest rates this year. Gold prices are so far this year, up 22 percent.

USD/JPY: A binary Call option coincides with the trend, seen below.
USDJPY Binary Options Insights for May 9th 2016

EUR/USD: A binary Put option coincides with the trend, seen below.
EURUSD Binary Options Insights for May 9th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for May 9th 2016

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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